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Stock Market & Financial Investment News

News Breaks
August 15, 2014
18:05 EDTNOCNorthrop Grumman awarded $240.7M government contract modification
Northrop Grumman Systems Corp., San Diego, California, has been awarded a $240,653,315 primarily firm-fixed-price modification for FA8620-13-C-3018 for three Block 30M RQ-4B Global Hawk air vehicles, each containing an Enhanced Integrated Sensor Suite and an Airborne Signals Intelligence Payload, plus two additional ASIP sensors as retrofit kits. The total cumulative face value of the contract is $354,870,536. The contract modification is for the definitization of the advance purchase agreement. Work will be performed at San Diego, California, and is expected to be completed by June 30, 2017. Fiscal 2012 aircraft procurement funds in the amount of $240,653,315 are being obligated at time of award. Air Force Life Cycle Management Center/WIG, Wright-Patterson Air Force Base, Ohio is the contracting activity.
News For NOC From The Last 14 Days
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October 1, 2014
17:14 EDTNOCNorthrop Grumman awarded $306.13M government contract
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10:36 EDTNOCNorthrop Grumman to host Global Land Forces Modernization Media Briefing
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07:56 EDTNOCSyrian strikes sure to prompt calls to reconsider defense cuts, WSJ says
The expanded U.S. military campaign in the Middle East, including airstrikes in Syria, is expected to cost tens of billions of dollars in the short-term and is certain to put renewed pressure on the president and Congress to reconsider spending caps on the defense budget, according to The Wall Street Journal. Publicly traded companies in the Defense space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX). Reference Link
September 29, 2014
09:09 EDTNOCNorthrop Grumman developes unmanned systems capabilities for maritime missions
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September 26, 2014
10:01 EDTNOCOn The Fly: Analyst Upgrade Summary
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06:47 EDTNOCFAA drone decision could be milestone, NY Times says
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05:41 EDTNOCNorthrop Grumman upgraded to Buy from Hold at Deutsche Bank
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September 25, 2014
16:01 EDTNOCNorthrop Grumman awarded $61M performance based contract by U.S. Navy
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10:06 EDTNOCOn The Fly: Analyst Upgrade Summary
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07:27 EDTNOCNorthrop Grumman upgraded to Buy from Hold at Argus
Argus upgraded Northrop Grumman to Buy with a $145 price target based on relative valuation, contract wins, and backlog. The analyst believes Northrop is financially strong and positioned to deliver EPS upside.
September 23, 2014
08:38 EDTNOCBofA/Merrill airlines/aerospace analysts hold analyst/industry conference call
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